MBS RECAP: Bond Markets Navigate Quarter-End Without Too Much Drama

Considering that today’s trading range wasn’t meaningfully wider than Friday’s AND that closing prices look like they’ll fall inside Friday’s range, today has turned out to be a relatively drama-free month-end/quarter-end trading session. That didn’t look like it would be the case as Fannie 3.5s made a dash from the highs to the lows at 9:30am, but they recovered into the afternoon.

Leave a Reply

Your email address will not be published. Required fields are marked *